HOME › Research Insight › The Demand for Signal Conditioning Market is Increasing Because of Their Increasing Applications in Various Industries such as Water & Wastewater, Energy & Power, and Food & Beverages, Among Others.

The Demand for Signal Conditioning Market is Increasing Because of Their Increasing Applications in Various Industries such as Water & Wastewater, Energy & Power, and Food & Beverages, Among Others.

The SCM market was valued at USD 561.2 Million in 2015 and is expected to reach USD 817.5 Million by 2022, at a CAGR of 5.46% during the forecast period. In 2015, the Americas held the largest share of the SCM market; the Americas is expected to dominate the global SCM market during the forecast period. However, the SCM market in APAC is expected to grow at the highest rate during the forecast period. This market growth can be attributed to the increasing investments in the industrial automation sector by major economies such as China, Japan, South Korea, and India in this region. Moreover, factors such as huge economic growth and the rising demand for energy, food & beverages, and oil & gas have led to an increase in the implementation of signal conditioners in data acquisition and process control applications; this, in turn, is driving the growth of the signal conditioning modules market in APAC.

AMETEK, Inc. intends to invest in expanding its global sales channels, manufacturing capabilities, and service capabilities. This business strategy would help the company to position its businesses and capitalize on growth opportunities. For instance, the company is making substantial investments in Southeast Asia and India as a part of its global as well as market expansion initiatives. In Southeast Asia, AMETEK has added sales and service capabilities to support the rising demand for its products. In India, the company is continuing to expand its research & development and engineering capabilities to support its businesses worldwide. In 2015, the company’s revenue from international markets was around USD 2.00 billion, which was around 50% of its total revenue. AMETEK focuses on increasing its revenue share to 60% by expanding its businesses internationally and increasing its global customer base.

National Instruments Corp. (NI) intends to enhance its business by expanding its global customer base. The company strives to increase its customer base by serving a large market on several computer platforms through global marketing and strong distribution network. NI seeks to develop new expertise and technologies from time to time to enhance its existing product portfolio. NI also focuses on leveraging a worldwide sales, manufacturing, and distribution network. NI sells and distributes its hardware and software products primarily through direct sales organizations. The company markets its products through OEMs, VARs, independent distributors, consultants, and system integrators. The company has sales offices in the U.S. and internationally. In 2015, 59% of its total sales were from outside the Americas. Moreover, as a part of its growth strategy, NI emphasizes on maintaining a high level of customer satisfaction by offering modular, integrated, and high valued products through worldwide sales and support network. NI strives to maintain a high degree of backward compatibility across various platforms to preserve its customers’ investments in the company’s products.

Analog Devices, Inc. focuses on business expansion by acquiring business assets, technologies, and products. These acquisitions help in enhancing the company’s technological capabilities and expanding its market coverage, as well as complement its existing product portfolio. For instance, in July 2014, the company acquired Hittite Microwave Corp. (Hittite), a leading developer of high-performance modules, subsystems, integrated circuits, and instrumentation for microwave and radio frequency applications. Moreover, the company believes that its growth depends on continuous product innovation, improvement of its existing products, and identification of new markets. To grow, the company also invests significantly in R&D. It invested USD 513 million, USD 560 million, and USD 637 million in R&D in 2013, 2014, and 2015, respectively.